Labour are reformers not just spenders

Rachel Reeves did not mince her words at the IPPR today, where she gave her first major speech as shadow chief secretary to the Treasury. "It's precisely because we on the centre left believe that active government along with good schools, hospitals and other public services can transform lives...that we must ensure we pass the test of fiscal credibility" she said. "If we don't get this right, it doesn't matter what we say about anything else.